REGISTERED NUMBER: 07440859 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Streets Ahead Ventures Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G Appleby

O G D Appleby

Mrs T Robbins

REGISTERED OFFICE:

Unit 6 Bell Park

Bell Close Newnham Industrial Estate

Plympton

Plymouth

Devon

PL7 4JH

REGISTERED NUMBER:

07440859 (England and Wales)

ACCOUNTANTS:

Sheppards Accountants Limited

22 The Square

The Millfields

Plymouth

Devon

PL1 3JX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

5,498

7,331

5,498

7,331

CURRENT ASSETS

Stocks

966,190

1,195,092

Debtors

6

291,258

290,899

Cash at bank

246,040

537,269

1,503,488

2,023,260

CREDITORS

Amounts falling due within one year

7

35,376

282,121

NET CURRENT ASSETS

1,468,112

1,741,139

TOTAL ASSETS LESS CURRENT LIABILITIES

1,473,610

1,748,470

CAPITAL AND RESERVES

Called up share capital

11,000

11,000

Retained earnings

1,462,610

1,737,470

SHAREHOLDERS' FUNDS

1,473,610

1,748,470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

O G D Appleby - Director

1.	STATUTORY INFORMATION

Streets Ahead Ventures Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value, after making allowance for obsolete or slow moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

10,323

AMORTISATION

At 1 January 2024

and 31 December 2024

10,323

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

and 31 December 2024

38,313

DEPRECIATION

At 1 January 2024

30,982

Charge for year

1,833

At 31 December 2024

32,815

NET BOOK VALUE

At 31 December 2024

5,498

At 31 December 2023

7,331

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

132,878

83,052

Directors' current accounts

28,085

-

VAT

-

142,137

Prepayments

130,295

65,710

291,258

290,899

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Corporation tax

-

14,698

VAT

13,895

-

Directors' current accounts

16,081

76,937

Accrued expenses

5,400

190,486

35,376

282,121